RRR
EURJPY longEURJPY reached 50% fib lev after a retracement in wedge formation, waiting for a break to the upside to go long
AUDUSD shortAUDUSD nice short with good RRR and confluence at daily resistance, double top formation with divergence
CADCHF video top-down AnalysisHello everyone, here is the top-down analysis for CADCHF, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Financial Technology -winner20sma has been supportive since mid-april, today is a great opportunity for an entry at the current level.
Risk-Reward-Ratio is fantastic if you place a stop-loss-limit below the 20sma.
We are also seeing past resistance from early August, which is now coinciding with current support level.
RSI has not broken 50 since then.
OBV has been up-trending since.
Good luck!
RRR Broke Out of Major Resistance on Short Squeeze & AMC RumorsCasino stocks are back. Red Rock Resorts is following the trend of all other Casinos. Swings are huge on this one. Golden cross coming as Casinos start reopening process. Casinos have already started implementing a lot of safety procedures for workers and patrons alike and workers are slowly being brought back. $RRR has a correlation with $AMC and $PLAY. Keep your eyes on other bear trap stocks like $GME yesterday at $4.17.
GBPCHF top-down analysison DAILY: GBPCHF is sitting around a strong support zone in red so we will be looking for objective buy setups on lower timeframes.
Unless price breaks aggressively below our red zone, then a bearish movement till the all-time-low would be expected.
on H1: price formed an objective trendline in blue, and we have an inverse head and shoulders forming. we are waiting for the right shoulder to form and then buy after a candle close above our neckline.
or we are waiting for an objective break above our blue trendline to buy.
we also have divergence on MACD adding more confluence to our buy setup.
meanwhile, this pair is overall bearish.
GOLD UPDATEGOLD broke our symmetrical red triangle upward and traded higher, so we would be overall bullish here until an objective sell setup is activated since price is sitting around a supply zone in green.
waiting for an objective break below our blue trendline or red trendline to sell GOLD long-term.
meanwhile, GOLD is still overall bullish and can still test the upper blue resistance zone before going downward.
Gilead in tested channelGILD has seen positive price action YTD; due to combatting the COVID-19 with their drug Remdesivir.
Yesterday on the news, the trial on humans which was set in China to prove the effectivity of the drug, apparently "failed". However... The price just took us to the lower part of the channel , meaning the Risk-Reward-Ratio is at a good stance.
A close below the 50sma would change the sentiment, and remove us from the channel.
CHZ/BTC preparing for another green DILDOCHZ / BTC
Chiliz's prediction from January 22, 2020 came out excellent and fulfilled all targets from the bull BAT pattern, reflecting the larger uptrendovky from the bottom of the structure determination. Again it fell to me to do well and end up with the last cases.
- Consolidates again on the same initial trend.
-Fulfilling harmonic pattern
-And no amount at all ??? (preparation for movement?)
After the impulse pump, the Chilli Gartley pattern, which has no ideal and I have to overlook the opening knot, has finished perfectly, no other calculations fit perfectly and is not an attempt at a shorter business. The situation with BTC and its dominance is currently unsatisfactory for shitcoins, so these primarily attempt to close deals in narrower TPs in a short time without setting this to a few weeks.
In PRZ between 89-92sat I calculate 0.88XA, precise AB = CD and 1,618BC projection.
StopLoss in this case tightened (87-89sat), conservative below point X (75sat).
Take Profit Zones from the graft pattern.
Chart 12h:
Graph 4h:
BUY GOLD AT 1611 !!!!Traders, you are getting another opportunity to ride GOLD LONG at a great RRR !!
wait until it reaches 1611, buy and 1st target 1689 then 2nd target 1720.
wish you the best of luck
XAUUSD 750 PIPS PROFIT PLAY! 1:13 AND 1:10 RRR A long term trading Idea that worked out perfectly! if you want to learn trading please send me message on telegram! :Devinwf
PG - Ascending triangle breakoutSummary
We have tested $126 over twelve times since December 16th.
Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs.
Technicals
RSI(14) @62.5 showing relative strength but not overbought
OBV is trending higher confirming the move
To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately.
RRR is 3:1
GBPUSD SHORTOverall Trend = Short:
We´re looking for Shortpositions
at the target of the black primary
sequence, which would be also a reactiona
at the target on the 1.8 Extention if the
green primary Sequence.
Most attractive Buyzone= Target of the
orange primary Sequence , if we get a
bullish Priceaction at the green Correktion
we can also look for Longtrades
GBP/JPY - Intraday LONGWe think GBP/JPY could reach our target after breakout. Wait for pull-back to test the previous support levels (143.505). Trade with good RRR.
LTC long - good RRRLTC found now support on LTF.
RSI on daily oversold and it is starting to move up.
It is now in my buy zone.
Now BTC dominance is dropping, the money could flow into the majors as usual.
Entry 5500 - 5700
SL below 5300
TP1 5900, TP2 6100 tp3 6240
Low risk trade high reward.
SMAR /confirming pullbackTechnical analysis
200sma & 100sma are now working as our support. This is specially important as they just recently reported earnings (check fundamental analysis below).
There is also a Fibonacci confluence setting support at $43.
Risk-reward-ratio ---> 3.5:1
Entry ---> $44.5
Profit-exit ---> $54
Stop-loss ---> $41.89
Next short-term resistance ---> $47.5
Support after our stop-loss ---> $40.5 = 50sma
Fundamental analysis
Smartsheet beats by $0.03, beats on revs; guides Q4 (Jan) EPS in-line, revs in-line.
SMAR reported 3rd Quarter 2020 diluted losses (ex-items) of $0.25 per share. This missed last year's same period results by 63%.
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Previous SMAR analysis:
Trade Ideas Position: USDJPY SharkA bullish shark setup for the trend reversal trade, personally I'm not key to that but rather waiting for a 5-0pattern to engage the short trade as I see JPY appreciate for the mid to long term.
